Overview, Financial Summary, Detailed Financial Reports, Branches

  • CHARTER WEST NATIONAL BANK in West Point, Nebraska (NE)
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  • General
  • FDIC Certificate #: 26185
    Status: Active
    Federal Reserve ID: 582953
    Bank Holding Company (Regulatory Top Holder): Nationwide Bankshares, Inc. (RSSDID: 1132579, Location: West Point, NE)
    Date Established: April 01, 1985
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12827
    FDIC's unique #: 32472
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 01, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Main Street, West Point, NE 68788
    County: Cuming
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $180.5 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $150.5 mil
    Return on assets (ROA): 1.90% ($3.4 mil)
    Quarterly return on assets: 2.37% ($4.3 mil)
    Return on Equity (ROE): 19.29% ($3.5 mil)
    Quarterly return on equity: 23.91% ($4.3 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.94% ($3,502.5 mil)
    Quarterly Pretax return on assets: 2.45% ($4,423.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 63Total employees (full-time equivalent)
  • $180,540Total assets
  • $7,196Cash and due from depository institutions
  • $2,356Interest-bearing balances
  • $25,899Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $133,261Net loans & leases
  • $1,928Loan loss allowance
  • $0Trading account assets
  • $4,556Bank premises and fixed assets
  • $3,360Other real estate owned
  • $616Goodwill and other intangibles
  • $180,540Life insurance assets
  • $5,652All other assets
  • $163,006Total liabilities and capital
  • $150,488Total liabilities
  • $125,957Total deposits
  • $150,488Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1549.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $3,969Subordinated debt
  • $17,534All other liabilities
  • $17,534Total equity capital
  • $17,534Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $12,034Surplus
  • $5,000Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,703Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,143Income earned, not collected on loans
  • $0Earning assets
  • $1,193Long-term assets (5+ years)
  • $161,516Average Assets, year-to-date
  • $6,617Average Assets, quarterly
  • $180,649Volatile liabilities
  • $181,502Insider loans
  • $149,409FHLB advances
  • $178,287Loans and leases held for sale
  • $1,821Unused loan commitments
  • $1,821Tier 1 (core) risk-based capital
  • $16,662Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,735Restructured Loans and leases
  • $5,569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,932Total interest income
  • $1,584Total interest expense
  • $6,348Net interest income
  • $67Provision for loan and lease losses
  • $4,886Total noninterest income
  • $0Fiduciary activities
  • $671Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,215Additional noninterest income
  • $7,657Total noninterest expense
  • $4,813Salaries and employee benefits
  • $836Premises and equipment expense
  • $2,008Additional noninterest expense
  • $3,510Pre-tax net operating income
  • -$3Securities gains (losses)
  • $70Applicable income taxes
  • $3,437Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,437Net income attributable to bank
  • $0Net charge-offs
  • $3,437Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $3,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 3.98%Net interest margin
  • 3.06%Noninterest income to earning assets
  • 4.80%Noninterest expense to earning assets
  • 1.90%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 19.29%Return on equity (ROE)
  • 0.21%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 98.53%Credit loss provision to net charge-offs
  • 52.60%Efficiency ratio
  • 68,159Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.92%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 89.97%Noncurrent assets plus other real estate owned to assets
  • 3.05%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 88.55%Net loans and leases to core deposits
  • 103.57%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 11.15%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $180,649Average earning assets
  • $17,820Average equity
  • $159,515Average loans

List of branches

  • 5 Nebraska Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032472Charter West National Bank201 South Main Street, West Point, NE 68788April 01, 1985Full Service Brick and Mortar
    2277796West Point Branch141 East Grove, West Point, NE 68788January 01, 1886Limited Service Facility
    33720Charter West National Bank/Pender Br610 4th Street, Pender, NE 68047January 01, 1907Full Service Brick and Mortar
    4207756Main Street Branch308 Main Street, Walthill, NE 68067January 18, 2000Full Service Brick and Mortar
    5426535Elkhorn Branch20041 Manderson St, Elkhorn, NE 68022Febuary 19, 2004Full Service Brick and Mortar

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